WASHINGTON, D.C. - The President-Elect of the oldest securities association in the United States on Monday asked for cooperation from the state attorneys general attending the National Association of Attorneys General spring meeting.

Karen Tyler of the North American Securities Administrators Association said successful litigation and overbearing regulations have hurt her industry.

"More and more people are turning to the capital-market mechanism to achieve financial security, and now is not time to weaken it," she said.

Tyler said she wants Congress to require state securities regulators inform the Department of Justice if there is any legal action against a securities advisor and give the DOJ the power to prevent the indictment.

The organization says state securities regulators have been reporting significant increases in the number of enforcement actions, money ordered returned to investors and years of incarceration for securities law violations.

She also wants the attorneys general to help increase education for elderly citizens who are often targeted.

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